Government interventions to spare credit insurers the worst of pandemic losses
Credit insurers face pandemic-related claims continuing well into 2021 but will avoid losses on a similar scale to those seen after the 2008 global financial crisis thanks to government interventions, according to Fitch Ratings.
The ratings agency said that agreements with governments had added to insurers’ existing reinsurance programmes guarding against the possibility of large losses.
For instance, it said about half of
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